- Real estate development company in the highly supply-constrained Puget Sound region.
- Low risk land acquisition strategy in which HCDI can exit at multiple points in time for profits.
- Fast revenue growth should continue as HCDI expands into new markets and unveils new housing products.
- Trading at significant discounts to homebuilder peers like Toll Brothers and Lennar at the current enterprise value.
- Management has decades of experience in real estate, owns a substantial percentage of the stock, and has been buying recently.
For further details see:
Harbor Custom Development: Value Play In An Overheated Market